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Basic Question 0 of 4

Which statement is true?

I. Trading limitations contribute to market efficiency.
II. Arbitrage activities contribute to market efficiency.

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I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu

Edward Liu

Learning Outcome Statements

describe typical credit enhancement structures used in securitizations

CFA® 2025 Level I Curriculum, Volume 4, Module 18.